Publication: Financial Capability in Low- and Middle-Income Countries : Measurement and Evaluation
Date
2013-06
ISSN
Published
2013-06
Author(s)
Abstract
This report provides an overview of the
conceptual foundations and work program implemented by the
World Bank under the Russia Financial Literacy and Education
Trust Fund (RTF) generously supported by the Ministry of
Finance of the Russian Federation beginning in October 2008.
The overall objective of the Trust Fund was to support
implementation of the December 2006 summit statement from
the Russian G8 Presidency, which greatly advanced the topic
of financial literacy and education within the international
policy discussion. The specific objective of the overall
effort was to extend the knowledge base to help Low-Income
Country's (LICs) and Middle-Income Country's
(MICs) prepare and implement national strategies and
programs in this area. This report positions the results of
the RTF work program undertaken by the World Bank within the
broader realm of international knowledge activities. It
highlights the contributions of this work program to the
conceptual development and measurement of financial
capability and the evaluation of the results achieved by
programs directed towards its enhancement. The elements of
the work program led by the World Bank focused on two
measurement-related topics: 1) how to measure financial
capability in a way that is applicable to diverse levels of
economic development and across individuals of different
income levels; and 2) how to measure the effectiveness of
interventions to improve financial capability including, but
extending well beyond, formal financial education programs.
Link to Data Set
Citation
“Holzmann, Robert; Mulaj, Florentina; Perotti, Valeria. 2013. Financial Capability in Low- and Middle-Income Countries : Measurement and Evaluation. © World Bank, Washington, DC. http://hdl.handle.net/10986/16293 License: CC BY 3.0 IGO.”